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So people, should I use $50k to buy a new car or buy a property for $250k (requiring $50k deposit and $12k s/d and legals)? I have sufficient funds in line of credit (as a buffer). Talk to me before I bite the bullet on a doo-dad. I'm feeling like accessing some delayed gratification at...

HomeBuyerStrike, in your case you might make more $ by completing your PH.D in Quantitative Methods, writing a book on probability theory and having it published. Somehow I don't think too many here will be buying your book (by the look of it Tom32 might!)

HomeBuyerStrike, you are correct when you say I mentioned borrowing $250k. In my case I would actually be borrowing the whole lot i.e. $262k. This would comprise deposit $50k and legals and stamp duty $12k both coming from an existing line of credit account against another IP and a new...

Hi HomeBuyerStrike, in my case I do have the income to cover the cash loss. It's not a huge amount after all. If for some reason I don't it comes out of the buffer I have on other IP's. This is a line of credit which fortunately was set up a few years back on another property I own and I have...

Lizzie's example is a good start. I'm thinking of going again with a property at around $250k-$300k and am looking at the deposit required. Am also thinking to hec with it...I'll blow $50k and buy a new Subaru wrx. "...say you had $50,000 you can put it in the bank at 6.25% and make...